Proficio Capital Partners LLC Invests $312,000 in Tejon Ranch Co. (NYSE:TRC)

Proficio Capital Partners LLC acquired a new position in Tejon Ranch Co. (NYSE:TRC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,637 shares of the real estate development and agribusiness company's stock, valued at approximately $312,000. Proficio Capital Partners LLC owned 0.07% of Tejon Ranch at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRC. Charles Schwab Investment Management Inc. grew its stake in shares of Tejon Ranch by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company's stock valued at $3,413,000 after buying an additional 1,486 shares during the last quarter. Barclays PLC grew its position in Tejon Ranch by 298.1% in the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company's stock valued at $563,000 after acquiring an additional 24,015 shares during the last quarter. Geode Capital Management LLC grew its stake in Tejon Ranch by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company's stock worth $9,444,000 after acquiring an additional 4,247 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Tejon Ranch by 30.3% during the fourth quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company's stock worth $302,000 after acquiring an additional 4,424 shares during the period. Finally, Levin Capital Strategies L.P. increased its position in shares of Tejon Ranch by 11.7% during the fourth quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company's stock worth $1,123,000 after acquiring an additional 7,422 shares during the period. Institutional investors own 60.63% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Tejon Ranch to a "sell" rating in a research note on Wednesday, March 5th.

Tejon Ranch Stock Down 2.3 %

Shares of NYSE TRC traded down $0.39 during trading hours on Friday, hitting $16.08. 82,925 shares of the stock were exchanged, compared to its average volume of 91,009. The company has a market cap of $431.95 million, a PE ratio of -1,608,400.00 and a beta of 0.59. Tejon Ranch Co. has a 12 month low of $14.71 and a 12 month high of $19.82. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $15.94 and a 200-day moving average price of $16.21.

Tejon Ranch (NYSE:TRC - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.03 by $0.14. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The firm had revenue of $17.94 million during the quarter, compared to analyst estimates of $15.53 million. On average, sell-side analysts expect that Tejon Ranch Co. will post -0.04 EPS for the current year.

Tejon Ranch Profile

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.